News
 

The cost of insuring against a catastrophic US default jumped to its  highest level in more than two years today after talks to prevent a breach of the nation’s $16.7 trillion (£10.5 trillion) debt ceiling faltered.

Trichet defends ECB independence

Jean-Claude Trichet insisted to European parliamentarians yesterday that the European Central Bank remains fully independent of national governments, despite the Bank's emergency purchase of Spanish and Italian sovereign bonds earlier this month. The ECB's President pointed out that the Bank has only bought bonds in the secondary market (rather than directly from governments) and called for all eurozone states to show "strict respect" for budgetary discipline in exchange for such market assistance.

Hermione Eyre: What use is a barcoded bottom?

There has never been a better time to be a woman, and yet in some ways, things seem to get worse all the time. Allow me to share some of the highs and lows of the past few days.

Probe into Lagarde's €400m 'sweetheart' deal for businessman

The stainless reputation of the new International Monetary Fund (IMF) chief, Christine Lagarde, is to be tested by a French court investigation.

Christine Lagarde faces court investigation over deal

A French court has decided to investigate new IMF chief Christine Lagarde's role in a $400m (£244 million) arbitration deal in favour of a controversial tycoon.

Duchess Catherine among Vanity Fair's Best Dressed

Duchess Catherine has been named one of the world's best dressed women.

A lesson in what not to wear when you're on holiday

Successful women are forever judged on their appearance. So why shouldn't men suffer the same fate, asks Harriet Walker

Search for safe havens as US budget impasse continues

Dollar falls sharply and gold touches record high as IMF chief piles on political pressure

Letters: Dangerous to dismiss mass killer as just ‘evil’

Anders Behring Breivik imagines himself to be a hero, bravely defending his people from the threat of contamination. He evidently hopes that others, with similar views, will be inspired to emulate his actions.

IMF chief warns of social unrest in Europe

The new head of the International Monetary Fund warned European leaders of the possibility of social instability as a result of the eurozone's economic problems.

Mary Ann Sieghart: Time to overturn the tyranny of porn

For a woman, it is no longer enough to be successful in your chosen field. You are expected to look gorgeous too

China gains role in top ranks of the IMF

China has secured its first top-level management post in the International Monetary Fund, in a move that recognizes Beijing's growing clout in the global economy.

IMF agress £2.6bn payout to Greece

The International Monetary Fund has approved just over €3bn (£2.6bn) to Greece in the latest instalment of a rescue package aimed at helping the country pull back from an impending debt default.

Lagarde urges Greece to take brave decisions on debt

Christine Lagarde, taking questions for the first time as managing director of the International Monetary Fund, called on Greek politicians to stick by the recently approved austerity measures, and to be "inspired by the courageous decisions made by political parties in Ireland and in Portugal" to bring their debt burdens down.

Diversity is key, says new IMF boss Christine Lagarde

The new chief of the International Monetary Fund has promised to diversify staff and make the institution more open for developing countries.

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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz